Daily user of IDU-Concept
Use Cases and Deployment Scope
We use IDU-Concept daily. We use it for Income Statements per cost centre as well as comparing actuals to budget and actuals to the prior year. This is available with a 30min window on the Cloud platform making it almost real-time. The Income Statements layouts, groups and view can be customised as needed. The standout feature however is the budgets module. Quick and easy budgets and forecasting.
Pros
- Income Statements per cost centre
- Budgets vs actuals per cost centre
- Layout customisation for Income Statements
Cons
- Sync delay for IDU-Concept and the ERP
- Con-current user licensing model
- Automatic period (i.e. open new period automatically) sync with the ERP
Return on Investment
- Our ERP cannot provide Income Statements per region and actual vs budget. So the ROI is immeasurable in this aspect. We report our results on a monthly basis.
- Budgeting has become so much easier as we have over 50 cost centres that are populated by the business and imported with ease.
- The ability to review the Income Statements based on cost centre and in detail per GL makes reviewing so much easier.
